Note: SBI Online (NetBanking)has stopped 3rd Part ASBA application. Response from SBI "PAN of the applicant does not match PAN recorded in the selected Account in Bank's record. As per Regulatory guidelines, IPO applications can be done from self-account only."
YONO Lite SBI App is still offering 3rd Party ASBA Application. So you can install YONO lite on your mobile, use same user id and password as SBI Online Banking. Aftre login > Request > IPO> Apply IPO link and apply IPO online.
You can apply up to 5 IPO applications with SBI ASBA. Each application must be with a different applicant (i.e. unique PAN and Demat account number).
With this, you can apply IPO for your family member including minors, friends, your HUF account.
The benefit with SBI ASBA
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Flat ₹15 Per Trade in F&O
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Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
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